China Business Intelligence Network News: In August 2024, the transaction volume of the national second-hand car market was 1.5661 million units, a decrease of 2.69% month-on-month and a year-on-year increase of 0.43%, with a transaction amount of 102.802 billion yuan. From January to August 2024, the cumulative transaction volume of used cars was 12.5585 million, a year-on-year increase of 5.53%, an increase of 658,300 units compared with the same period, and the cumulative transaction amount was 832.841 billion yuan.
Data source: Compiled by the Passenger Association and the China Business Industry Research Institute
In August 2024, a total of 891,600 second-hand basic passenger cars were traded nationwide, down 3.03% month-on-month and 3.16% year-on-year; A total of 211,500 SUVs were traded, down 2.68% month-on-month and 5.76% year-on-year; A total of 100,800 MPVs were traded, down 1.59% month-on-month and 5.31% year-on-year; A total of 39,800 minivans were traded, up 1.39% month-on-month and 33.6% year-on-year. Commercial vehicles: A total of 85,100 passenger cars were traded, down 4.38% month-on-month and 5.62% year-on-year; There were 129,200 trucks, down 2.77% month-on-month and 0.7% year-on-year.
Data source: Compiled by the Passenger Association and the China Business Industry Research Institute
Data source: Compiled by the Passenger Association and the China Business Industry Research Institute
In August, second-hand car transactions with a service life of 3-6 years accounted for the largest proportion, accounting for 47.52%, an increase of 0.86% month-on-month and an increase of 3.09% over the same period last year; Models with a service life of 3 years accounted for 26.06%, an increase of 0.96% month-on-month, and a decrease of 2.24% over the same period last year; Models aged 7-10 years accounted for 17.91%, down 0.17% month-on-month and 2.37% year-on-year; The proportion of models with a vehicle age of more than 10 years was 8.51%, down 1.65% month-on-month and up 1.53% year-on-year. In August, the overall share of less than 3 years and 3-6 years increased compared with the previous month, and the share of more than 10 years decreased rapidly, and the market as a whole developed towards a younger trend.
In August 2024, among the six major regions in the country, only the northwest region increased the transaction volume compared with the previous month, and the other regions all declined to varying degrees, among which the decline in North China and Northeast China was relatively obvious. The second-hand car transaction volume in East China was 447,100, down 2.47% month-on-month, and the transaction volume decreased by 11,300 from the previous monthThe second-hand car transaction volume in Central and South China was 443,200, down 2.53% month-on-month, and the transaction volume decreased by 11,500 from the previous monthThe second-hand car transaction volume in North China was 209,200, down 6.23% month-on-month, and the transaction volume decreased by 13,900 from the previous monthThe second-hand car transaction volume in Southwest China was 256,700, down 1.66% month-on-month. The transaction volume decreased by 4,300 from the previous month, and the second-hand car transaction volume in Northeast China was 118,500, a decrease of 4.62% month-on-month, and the transaction volume decreased by 5,700 from the previous month, and the second-hand car transaction volume in Northwest China was 91,500, an increase of 4.07% month-on-month, and the transaction volume increased by 3,600 from the previous month.
Data source: China Commercial Industry Research Institute database
For more information, please refer to the "Research Report on China's Auto Market Prospects and Investment Opportunities" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, "15th Five-Year Plan" and other consulting services.